Making Now the Age of the Female Entrepreneur
With Women’s History Month in full swing, it’s important to recognize that women are extraordinary every day of the year. Female entrepreneurs are making history all around us—at a national level (Bumble’s CEO Whitney Wolfe Herd) and locally (think about the 11.6 million women-owned small businesses). It’s inspirational to see women succeed in the business world, ensuring not only their own seats at the table but further opening the door for other women to follow in their footsteps or blaze their own trail.
However, working women have hit a catastrophic roadblock in the wake of COVID-19. The pandemic negatively impacted women significantly more than men, causing what is now being referred to as the “she-cession”. In fact, the December 2020 Jobs Report revealed the sobering fact that women accounted for 100% of the 140,000 jobs lost that month, with women of color making up the majority of those jobs. Read more at SmallBizDaily.com.
Why Working Moms Make Great Entrepreneurs
The year 2020 was especially difficult for working mothers and fathers. While trying to care for their children, many parents struggled to keep their jobs or were forced to leave their jobs. One in five (19.6%) working age adults were not working because the pandemic “disrupted their childcare arrangements,” according to the U.S. Census Bureau.
Working mothers especially have had to bear the brunt of this problem. “Of those [adults] not working, women ages 25-44 are almost three times as likely as men to not be working due to childcare demands.” In addition, The Washington Post reported that “one out of four women who reported becoming unemployed during the pandemic said it was because of a lack of child care—twice the rate among men.” Read more at AllBusiness.com.
2021 Women’s Entrepreneurship Symposium: Lessons from successful innovative women
Don’t miss the final installment of the 2021 Women’s Entrepreneurship Symposium (WES), “Lessons from successful innovative women,” coming Wednesday, March 31, from noon to 1:30 p.m. ET. Take this opportunity to learn from women entrepreneurs about launching a business, overcoming challenges, and the vital role of intellectual property (IP) protection. Register for this program.
Attendees will learn about:
- How a passion for creativity can drive a successful startup
- Identifying a market segment for sales and growth
- Best practices and successful habits in today’s changing business climate
This event is part of a series: Speaker series, Women’s Entrepreneurship Symposium
Why Franchising? Why Now?
A once in a lifetime global pandemic touched every aspect of our lives. How we live, how we eat, how we greet each other and how we work. Except for a few dozen billionaires, who watched their wealth grow despite the economic ravages of COVID-19, nearly everyone was glad to see the year 2020 fade into the rear-view mirror. Unprecedented economic fallout descended upon the intersection of business and commerce, leading to unemployment levels not seen in the past century.
Seems like the ideal time to run out and buy a franchise to kick off 2021, doesn’t it? While at first glance, the risk-averse among us would put up the sign of the cross, slam on the brakes, or even ask the questioner if they’re feeling a bit feverish. But there’s another side of the coin to consider. As the great ESPN college football commentator Lee Corso would interject—“NOT so fast, my friend!”
So, it begs the question, is there a silver lining to consider for buying into a franchise operation during the middle of an economic crisis and a pandemic that’s still a threat—despite vaccines? Why franchising? Why now? Read more at Score.org/blog.
Are you ready to own your own business?
Seeking successful individuals who are looking to make a difference in their next endeavor. Multiple opportunities available – unique brands, various industries, wide range of investment levels, passive or hands-on ownership, lifestyle possibilities… Learn more about owning your own business at FranchiseFoundry.com.
The stage is set for the rise of women entrepreneurship
The dawn of this new decade looks very promising to drive women entrepreneurship. Winds of change are gaining momentum. Some tactical and structural interventions will provide the necessary fuel to the flight.
“When women move forward, the family moves, the village moves, and the nation moves.” Pandit Jawaharlal Nehru
The hand that rocks the cradle rules the world – traditionally, women have been acting as intrapreneurs by managing households and families. Since the past half-century, they have stepped into the business world. While the road has been laid with many inspiring stories, a lot of ground needs to be covered to drive an equal opportunity environment. Read more at YourStory.com.
Women-Led Businesses Are More Profitable Than Those Headed by Men – Here’s Why
The participation of Mexican women in entrepreneurship is lower than that of men, because, according to the Radiography of Entrepreneurship in Mexico 2020 by the Association of Entrepreneurs of Mexico (ASEM), only 39% of the country’s companies were founded by women.
However, female-led organizations are more profitable, perform better, and have higher profit margins compared to male-led companies. S&P’s When women lead, firms win report notes that these economic benefits translate into profits of up to $1.8 billion globally.
“Breaking gender gaps and equalizing the participation of women in entrepreneurship is key to boosting the country’s economic development, especially after the COVID-19 pandemic, which left a large number of Mexicans without jobs or reduced their income level. Encouraging and promoting women entrepreneurs will not only contribute to the economic reactivation but also improve the quality of life for the 28.5% of households in Mexico in which the only livelihood is a woman,” says Juana Ramírez, president of the ASEM. Read more at Entrepreneur.com.
Female entrepreneurs are crucial to the nation’s innovation goals
To quote the first woman to win a Nobel Prize, Marie Curie, ‘The way of progress was neither swift nor easy’. While this extract aptly summarises the collective struggle of female scientists to achieve recognition in their field, there can be no doubt that progress has certainly been made in the pursuit of gender equality.
According to the World Economic Forum’s 2020 Global Gender Gap Report, the UAE has essentially reached equality between men and women in educational attainment.
Official figures show that 95 percent of female high school graduates go on to pursue higher education (compared with 80 percent of the male students). Women constitute 71.6 percent of college graduates in the country. Read more at ArabianBusiness.com.